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Author Topic: How can we encourage local businesses to accept BTC?  (Read 87390 times)
knightkon
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November 18, 2015, 05:05:24 PM
 #1

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment.  The best part about accepting BTC is that they do not have any threat of charge-back from the customer.  I am just looking for some more input before I start approaching some of these local retailers.

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November 19, 2015, 05:14:43 AM
 #2

In my experience, if your going to go one by one and try to introduce them to BTCitcoin and explain how it works in order for them to accept payments of BTC , it would be really a lengthy process and you'll stop doing it before you start so the best suggestion I could make is either by making a mini seminar wherein you invite them altogether and talk about it and even show some of the YouTube videos that well known speakers of community are in and they cover almost everything... And in cases of online local businesses, you could try to send them a support ticket regarding the matter and I've had luck that they answered, "were already reviewing BTCitcoin payments and will consider it for the future" .

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November 19, 2015, 11:12:25 AM
 #3

You could also make flyers with info on it linking them to a website that has info about bitcoin

You could hand them out personally and talk to them, give them a short explantion as to why you support bitcoin
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November 19, 2015, 11:19:42 AM
 #4

If the business is sending money to other country.
Than I think is good to tell them that Bitcoin is a solution because is faster and cheaper.
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November 19, 2015, 03:28:54 PM
 #5

i would do it simple, tell them the advantages of bitcoin, the fact about very low or zero fee, and the fact that is less trouble some than fiat

you can also add that the payment and confirmation can be instant, if they ask about it, just need to work with an off chain system liek bitpay

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November 19, 2015, 03:53:51 PM
 #6

I don't think that we should do anything actually! When you try and force something up on somebody, that doesn't work well as imagined!

We need to keep improving on our technology and on our applications and all these people, merchants, etc, will come towards us eventually when they see and hear about all the benefits that Bitcoin can give to them! 
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November 19, 2015, 06:09:14 PM
 #7

I don't think that we should do anything actually! When you try and force something up on somebody, that doesn't work well as imagined!

We need to keep improving on our technology and on our applications and all these people, merchants, etc, will come towards us eventually when they see and hear about all the benefits that Bitcoin can give to them! 

I am sorry I disagree. Doing nothing will allow this to grow on its own.  I agree that it can grow on its own, but why whit for it to grow, when we can push it to grow.  If you have 100 BTC as an investment and the coin grows back to $1,400, you now have a $140,000 investment instead of the $209 you paid for it.  So I am amped to move this forward increasing the demand. 

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November 20, 2015, 11:53:53 PM
 #8

This is great idea. I think u need to explain him what is bitcoin and if u have friends that have coins also u can promise him a few customers, and he will not skip oportunity to earn some money.
But before that u need to find out what law says. He needs to pay taxes and give bills, so I dont know how that can be regulated with law in your country ( cause i believe that depends from where are u from, different countrys different laws.
I wish u luck with this plan, and it would be nice u to inform us from time to time whats happening with that.


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November 21, 2015, 01:00:34 AM
 #9

By starting your own local business and promoting the shit out of bitcoin.

If you have it, they will come. Other vendors asking about why you accept bitcoin, people who have heard of that fake money before that come in anyways that are able to learn more than they knew about btc than before when they walked in the door. and eventually people that would choose to shop at these particular places solely because 'They take bitcoin"
 
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November 21, 2015, 01:35:02 AM
 #10

We should have basic local bitcoin infrastructure implemented, like bitcoin payment processors, exchange liquidity, local acceptance rate etc. Otherwise the local merchants have no point to pay extra for installing such system to accept BTC.
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November 21, 2015, 06:33:48 AM
 #11

Hi,

Well i think you can encourage them by pointing out the most positive aspects of bitcoin. Also by stating which other big companies are using it e.g overstock etc

Thanks
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November 21, 2015, 04:04:12 PM
 #12

Trust me you don't want to to that .The moment bitcoins becomes commercial our corrupt government will start imposting all sorts of unwanted taxes for bitcoin users .For exam we will have government wallets only no private wallets allowed from where they will have track of all of your transactions .They will put taxes on every transaction .I'm afraid bitcoins will be a bitter truth to swallow if it gets commercialised .

 

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November 21, 2015, 10:55:24 PM
 #13

this all depends on which country you are talking about , till bitcoins is not leagally accepted in all countrys . it is not possible. if in your country bitcoins is allowed then  you can ask your local businesses that you want to buy in bitcoin, like this you can give details about bitcoins and its benefits . this way you can encourage local businesses to accept bitcoins also as their payment options.

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November 22, 2015, 03:09:06 AM
 #14

It's not as easy as you think, they're not going to start accepting because one person wants to pay with it, with time more people will start to use BTC and then it will happen automatically but still you can plant the idea in their head and explain to them what it is but only if they seem interested.

Better idea is if you use some online stores/services tell them how you would have loved to pay with bitcoin.

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November 22, 2015, 06:48:30 AM
 #15

The easiest way to accept bitcoin payments is in-person, simply by getting your customer to send the correct amount of bitcoin (BTC) to your digital wallet. This is similar to thinking of it as a cash-in-hand payment. This can be done via many smartphone apps, such as the Bitcoin Wallet app by Andreas Schildbach, on Android. There are also options available on the Windows Phone app store for users of that OS.
read here http://www.coindesk.com/information/bitcoin-retail-pos-systems/

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November 22, 2015, 07:06:56 AM
 #16

Knightkon, I started to do a loan with you. The irony. This is what I did and you are welcome to copy my blueprint.

Meetup.com
LinkedIn local groups (financial services)

These have been my best routes to go. What I did was go to the chamber of commerce and my local small business association. I set up a meeting room (50.00 for the hour)
Made flyers. Joined other groups encouraging individuals to come listen to my spiel. Showed them the ins/outs of btc. I mainly targeted small business as most big businesses are either in it or they are not interested. It's very extreme here where I live.

The biggest questions I had asked of me was how hard is it to cash out and were there places that could cash out quickly. I showed them the various wallet platforms and the exchange platforms.
The first few meetings. Only a few bit and asked more. I'm still promoting and trying to encourage. I target pawn shops. Gold exchange. Art places. There are other places. I'm enthusiastic about btc and the direction it has the potential to go. I've also talked to individuals who played the stock markets  (surprisingly a good range of investors don't consider btc a solid foundation and rightfully so but the argument is there and I try to encourage people to keep their options open.

Just do your diligence and stay on it. Keep the range low so they find it appealing. Often times I'll compare btc to a merchant account. You can have the equivalent of the fees taken from you but the option is your availability to the funds.

It's definitely a challenge to help people make changes. Yet it's been worth it as I'm learning stuff everyday and meeting new people.

Connect with me if you'd like me to provide more information.

Lead Generation/VCC's/Content Creation/Jack of All Trades
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November 22, 2015, 07:42:00 PM
 #17

It's not as easy as you think, they're not going to start accepting because one person wants to pay with it, with time more people will start to use BTC and then it will happen automatically but still you can plant the idea in their head and explain to them what it is but only if they seem interested.

Better idea is if you use some online stores/services tell them how you would have loved to pay with bitcoin.

Thing is with services as bitpay you are a thief of your own wallet if you don't accept it.

There are no risks because of the instant conversation.
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November 23, 2015, 10:34:14 PM
 #18

It's not as easy as you think, they're not going to start accepting because one person wants to pay with it, with time more people will start to use BTC and then it will happen automatically but still you can plant the idea in their head and explain to them what it is but only if they seem interested.

Better idea is if you use some online stores/services tell them how you would have loved to pay with bitcoin.

Thing is with services as bitpay you are a thief of your own wallet if you don't accept it.

There are no risks because of the instant conversation.

Most people only want the benefits, and are not willing to do that.

Maybe a good idea is where a user visit a protal and can vote for a shop to accept bitcoin. It's much easier.
The webmaster then can built a bot that send a mail to the shop owner by ever XXX Votes.

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November 24, 2015, 12:42:48 PM
 #19

You can start giving them free mBtc. Then you accept btc as the payment method.

If people know how very easy bitcoin to use, then they will use bitcoin for their transaction.
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November 24, 2015, 12:50:00 PM
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I think if there were a lot of people that simply ask "do you accept bitcoin" this would make the business think to themselves everyone is asking about this bitcoin thing let me find out what it is and then once they look into it they may adopt it or even come back to you to ask for more information.

Other larger companies with an online space would have systems where they log support queries so over time if they keep getting the same query they will no doubt look into it or already be looking into it.

                                                                       
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